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Zanganeh Calls for Extraordinary OPEC Meeting Over Production Changes

EghtesadOnline: Iran's Oil Minister Bijan Namdar Zanganeh said OPEC may need to hold an extraordinary meeting, if the organization of oil producers fails to prevent member countries from adjusting their crude production without approval.
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Publish Date:11/August/2018 | 11:08

Iran Criticizes Moscow-Riyadh Efforts to Ramp Up Oil

EghtesadOnline: A senior Iranian energy official criticized Russia and Saudi Arabia for ramping up oil output, saying they were breaking a production agreement between OPEC and Moscow and would strengthen the US effort to impose sanctions on Tehran.
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Publish Date:07/August/2018 | 09:46

Saudis Misled Trump, Failed to Compensate Iranian Oil Loss

EghtesadOnline: Iran said on Tuesday US President Donald Trump was mistaken to expect Saudi Arabia and other oil producers to compensate for supply losses caused by US sanctions on Iran, after OPEC production rose only modestly in July.
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Publish Date:01/August/2018 | 09:50

OPEC Agrees to Hike Production

EghtesadOnline: O PEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.
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Publish Date:23/June/2018 | 10:27

OPEC sees strong oil market, possible need for more output

EghtesadOnline: Global oil demand is set to stay strong in the second half of 2018, an OPEC technical panel forecast this week, suggesting the market could absorb extra production from the group.
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Publish Date:19/June/2018 | 10:37

OPEC Unlikely to Discuss US Sanctions Against Iran

EghtesadOnline: OPEC is likely to reject a request by Iran to discuss US sanctions against Tehran at this month’s meeting of the oil producer group, a source familiar with the matter told Reuters.
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Publish Date:10/June/2018 | 09:36

Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week

EghtesadOnline: Oil rose for a second straight week as OPEC’s commitment to rebalance the market and geopolitical risks to global supplies overshadowed U.S. President Donald Trump’s tweet on “artificially Very High” prices.
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Publish Date:21/April/2018 | 13:45

OPEC Does Not Want Brent Over $60

EghtesadOnline: OPEC members do not want Brent oil to rise above $60 a barrel because higher prices could bring more supply from shale output, Iran’s oil minister said.
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Publish Date:10/January/2018 | 14:11

OPEC Approaches Meeting Without Clear Plan on How to Extend Cuts

EghtesadOnline: Fifteen days from now, nations that pump more than half the world’s oil gather in Vienna to discuss extending the production cuts that helped lift prices to two-year highs. The outcome is far from certain.
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Publish Date:15/November/2017 | 13:28

OPEC Reaffirms Iran's Pledge to Supply Cuts

EghtesadOnline: Iran continues to adhere to a global agreement to scale back crude oil production as OPEC data on Monday showed further cuts in the country's monthly oil output.
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Publish Date:14/November/2017 | 07:40

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

EghtesadOnline: Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
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Publish Date:16/October/2017 | 10:53

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

EghtesadOnline: Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said.
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Publish Date:16/October/2017 | 10:53

Zanganeh: Iran Will Not Accept New Crude Cuts

EghtesadOnline: Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that discussed deeper cuts to a global supply cut deal.
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Publish Date:23/September/2017 | 06:01

Zanganeh: Iran Will Not Accept New Crude Cuts

EghtesadOnline: Iran will not settle for any agreement that may compromise its crude oil market share, Oil Minister Bijan Namdar Zanganeh said ahead of a meeting of OPEC and non-OPEC countries in Vienna that discussed deeper cuts to a global supply cut deal.
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Publish Date:23/September/2017 | 06:01

Oil rises after Iraq signals possible OPEC cut extension

EghtesadOnline: Oil prices rose on Wednesday after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories.
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Publish Date:20/September/2017 | 07:30